According to a new market report
published by Transparency Market Research,
“Global Camera Module Market - Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2013 – 2019,” the global camera module market was
worth USD 12.00 billion in 2012 and is expected to reach USD 43.06 billion in
2019, growing at a CAGR of 19.7% from 2013 to 2019. Asia Pacific was the
largest market for camera modules in 2012 due
to countries such as China, India, Taiwan,
Korea, Japan and Singapore supporting their growth. North America was the
second largest market.

The market
is primarily driven by increasing application of camera modules in smartphones
and tablet PCs, automotive sector and rapidly improving technology in the
camera module market. Improvement in smartphone pixels from 5 MP to 8 MP and
further above 13 MP is expected to increase the market demand of camera modules
globally. As compared to Charge-Coupled Device (CCD) camera module, Complementary
Metal-Oxide-Semiconductor (CMOS) camera module is expected to witness higher
growth in the coming years. Simplicity of the CMOS camera module circuit and
low production cost as compared to CCD camera module is supporting the growth
majorly.

Among the several components of camera
modules such as image sensor, voice-coil motor (VCM), and filter among others,
image sensors play a crucial role. Image sensors used in CMOS camera modules
are less expensive and less complex in nature as compared to CCD camera modules.
For example, later requires a combination of multiple chips for functions such
as automatic gain control, precision zoom, signal processing, and storage
functions among others. However, in CMOS module these functions can be input in
a single chip. In addition, manufacturing CCD image sensors requires a more
specialized manufacturing process which is expensive as compared to CMOS image
sensors. With a more integrated solution, the CMOS approach dominates the
market at present. On the contrary, CCD is used in niche applications, where
optical performance or imager resolution is paramount.

Among different applications, smartphone and tablet PC sector
is the largest and is expected to grow at the rate of 21.9% from 2013 to 2019,
followed by consumer electronics (excluding smartphone and tablet PC) in 2012. The global shipments of camera modules
in smartphones were about 80% of the global market in 2012. The shipment is
expected to increase further in the coming years with increase in the number of
smartphone shipments. Hence, the rising demand of mobile phones with camera at
both ends (front and rear) will further enhance the market growth of camera
modules.

Geographically, Asia Pacific held the largest share in the
camera modules market and accounted for 60% of the market in 2012 by revenue.
China, India, Taiwan, Korea, Japan and Singapore are the major countries
supporting the growth of camera modules in Asia Pacific. The leading
manufacturers are from these countries supporting its popularity and growth. However, Europe is the second largest
market for camera modules and is expected to see growth rate of 19.3 % from
2013 to 2019.

Transparency
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